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Commodities snapshot (precious & industrial)

Metal pack is down today. Performance this week at a glance in chart & table -

Gold -

  • Gold retraced back yesterday's entire gains, suggesting price might drop further. Today's range $1073-1058
  • Gold is currently trading at $1061/troy ounce. Immediate support lies at $1050, $1030 and resistance at $1108 area.

Silver -

  • Silver down but better performer than gold. Today's range $13.95-14.26
  • Silver is currently trading at $14.02/troy ounce. Support lies at $13 & resistance at $14.2, $15.5.

Copper -

  • Copper gave up its yesterday's gains. Today's range $2.04-2.08
  • Longer term Call - Sell Copper targeting $1.85/pound.
  • Copper is currently trading at $2.05/pound, immediate support lies at, $2 & resistance at $2.35.

Gold

-1.30%

Silver

+0.83%

Copper

  -2.47%

  • Market Data
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